How much is a Burger King Franchise
If you want to purchase a franchise from a franchise company which already has an established name in the industry but you think that you do not have the enough resources to purchase one, you should consider Burger King since it is one of the most affordable Franchise Company among the established ones there is.
Before you even plan to purchase a franchise of Burger King, it is important that you must conduct a research first on the profitability of the franchise company itself.
This is to ensure that you will gain a substantial amount of return on your total investment because your main goal in starting a business is to gain profit and not the other way around.
It is also recommended that you study the history or the background of Burger King itself to know more about the people who actually run the franchise company itself. Knowing the people who runs the franchise company will help you in dealing with them all throughout your business venture with them. Burger King was established by business partners James McLamore and David Edgerton in the year 1954. Their mission is to provide customers with “quality food, served quickly, at a reasonable price”. This mission has helped shape the fast-food industry that we have today; foods that are served quickly for a reasonable price.
For you to be able to qualify as a franchisee of Berger King, you should have at least the minimum amount of net worth which is at $1.5M and cash liquidity requirement of half a million dollars. There is also a franchise fee of $50,000 and a royalty fee of 4.5%. You should also take note that there is an advertising fee of 4%. The term of agreement is valid for 20 years and if you decide to renew it, there is a renewal fee of $50,000.
In the event that you do not have the required amount of capital currently on hand, you must consider borrowing from the banks or lending firms. But you must offer collateral when you decide to borrow money from the banks or lending firms. You can consider your assets and realty properties as your collateral. One important thing though that you must remember when borrowing money from the banks or other lending firms is to borrow only the amount of money that is within your paying capacity. This is to ensure that you will be able to pay the interest and other fees without being in-debt early on your business venture. You should also remember that the higher the amount you borrow, the higher the interest and other fees will be.
Burger King also provides its franchisees with adequate training to ensure that they have the enough or sufficient knowledge in running a Burger King franchise.
- Franchise Opportunities
- Wholesale Business Opportunities
- Small Manufacturing Business
- Farming Business Ideas
- Unique Business Opportunities
- Shop Business Ideas
- Small Business Opportunities
- Startup Company Ideas
- Home Based Business Opportunity
- Rural Business Opportunities
- Tips for Buying and Selling
- Starting Rental Business
- Ideas for Small Business
- Free Business Ideas
- Internet Business Ideas
- Store Business Opportunities
- Entrepreneur Business Idea
- Retail Store Ideas
- Service Business Ideas
- Advice for Small Business
- Financing a Small Business
- Restaurant Business Opportunities
- Small Business Articles
- Business Marketing and Advertising
- Repair Business Opportunity
- Professional Career Opportunities
- Business Insurance Information
- Instructor Guides